Net Asset Value(s)

RNS Number : 6658I

RM Infrastructure Income PLC

16 August 2021

 

RM INFRASTRUCTURE INCOME

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Net Asset Value

RMII announces that its unaudited net asset value per ordinary share as at 31 July 2021, on a cum income basis, was 95.60 pence (30 June 2021: 95.25 pence). NAV The NAV % Total Return for the month was +0.37% which takes the NAV % Total Return to +5.10% over the past six months and 11.87% over the past 12 months. The Ordinary Share NAV as of 31st July 2021 was 95.60 pence per Ordinary Share, which is 0.35 pence higher than on 30th June 2021. This overall gain comprises interest income net of expenses of 0.59 pence per Ordinary Share and decreases in portfolio valuations of 0.24 pence per Ordinary Share (which includes all credit and currency movements), of which 0.21 pence relate to corporate matters. Portfolio Activity As of 31st July, the Company's portfolio consisted of 34 investments with a weighted average yield of 9.09%, diversified across 13 sectors and split 85% fixed rate and 15% floating rate. The portfolio's allocation is 79% in bilateral private loans, 15% in syndicated private loans, 2% in corporate bonds and 4% in a fully owned equity instrument. The portfolio had a weighted average life of 2.65 years at the month end. July was a relatively quiet month for the portfolio. There were three additional scheduled drawdowns for the two healthcare construction loans totalling approximately £1.6m and no repayments. Both construction assets remain on track to reach practical completion on time and within the forecasted budget. The Investment Management team has been proactive with its management and operational initiatives in regards to the 80 beds student accommodation scheme in Coventry, which is now fully owned by the Company. The operational performance of the scheme has shown continued and promising results, with occupancy now in excess of 51% and strong weekly enquiries. The conversion rate remains robust. Given the level of occupancy achieved within a reduced marketing period, the property manager and RM remain confident that the scheme can reach a compelling occupancy level for the next academic year of 2021/22. Further, taking advantage of the quiet summer season, we have made a few accretive refurbishments and upgrades, enabling our marketing team to offer an attractive accommodation package within a competitive price range.

The Company also announces that the Monthly Report for the period to 31 July 2021 is now available to be viewed on the Company website:

https://rm-funds.co.uk/rm-infrastructure-income/rm-funds-investor-monthly-fact-sheets-2/

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For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Pietro Nicholls Thomas Le Grix de La Salle

Tel: [phone]

International Fund Management - AIFM

Chris Hickling

Shaun Robert

Tel: [phone]

Tulchan Group - Financial PR

James Macey White

Elizabeth Snow

Tel: [phone]

PraxisIFM Fund Services (UK) Limited - Administrator and Company Secretary

Brian Smith

Ciara McKillop

Tel: [phone]

Singer Capital Markets Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

Tel: [phone]

Peel Hunt LLP - Financial Adviser and Broker

Luke Simpson

Liz Yong

Tel: [phone]

About RM Infrastructure Income

RM Infrastructure Income plc ("RMII" or the "Company") is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

The Company aims to generate attractive and regular dividends through loans sourced or originated by the Investment Manager with a degree of inflation protection through index-linked returns where appropriate. Loans in which the Company invests are predominantly secured against assets such as real estate or plant and machinery and/or income streams such as account receivables.

For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/rm-funds-investor-monthly-fact-sheets-2/

 

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